Word: moratorium
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...Sears, Roebuck, faced with declining sales, announced a salary freeze for 20,000 of its 330,000 employees; Macy's was combatting speculation that recent losses might undermine its already precarious financial position. Meanwhile, Child World, the nation's second largest chain of toy stores, declared a six-week moratorium on paying its bills so that it would have enough cash to keep its shelves stocked through the holiday season...
...State of the Union address, Gorbachev merely defended the watered-down reform package that was passed in October and has since been not only derided but largely ignored. He implored the republics to stop reversing his economic decrees; in fact, he added, the Supreme Soviet should enact a moratorium on all independence-oriented legislation. But the idea that any such ban would be obeyed is so farfetched as to call into question whether Gorbachev understands how far the republics have broken away from the Kremlin...
Rigg spun eloquent puns throughout her lecture; describing the moratorium on acting when the dead Queen Elizabeth was to be waked for a month, Rigg said, "This is one instance where no stone, no turn...
...President Bush placed a moratorium on further oil exploration in large areas on the continental shelf...
...words, higher taxes, as the solution to the deficit. "Adopt my plan to fix the deficit, or come up with a better one," he challenged. In addition to an increase in some excise levies and in income tax rates for the wealthiest Americans, Rostenkowski called for a one-year moratorium on the indexing of tax brackets to inflation (a Reagan- era reform that protects taxpayers from being hit with ever higher rates...